GTAP Resources: Resource Display
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"An updated global baseline for the Dynamic GTAP model" by Chappuis, Thomas and Terrie Walmsley Abstract A carefully constructed baseline scenario is an important component of a dynamic CGE analysis. To get most directly at the effects of a policy, simulation results should be compared to a baseline scenario which provides a business-as-usual projection, and results should be analysed as deviations from this baseline. Many studies conducted at the Centre of Policy Studies, such as Adams and Parmenter (2000), have shown that a realistic and defendable baseline is important because the nature of a baseline scenario can affect the deviation results of a policy scenario. Current global economic circumstances, where the global recession has accelerated a shift in the share of global economic output accounted-for by emerging countries, reinforce the argument for updating the global baseline of the dynamic GTAP model (GDyn). |
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- Economic growth - Software and modeling tools - Dynamic modeling - Baseline development |
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Public Access  2011 Conference Paper (27.7 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 2:05:45 PM
